Bookman: Multi-billion dollar exits do not move the needle for top VCs
Zachary Bookman · Zachary Bookman: Why Valuations and Fundraising are BS | E1235 · 20VC with Harry Stebbings · Dec 6, 2024 · at 10:14
Zachary Bookman is the co-founder and CEO of OpenGov, which was acquired for $1.8 billion. He reflects on how power-law venture investing works.
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“OpenGov's been quite successful, but it doesn't move the needle. It's a couple billion dollar type exit. That's not what you're in the game for.”
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